Monday, July 19, 2010

FT.com / US & Canada - Watchdog given rebuke on drugs pacts probe

FT.com / US & Canada - Watchdog given rebuke on drugs pacts probe: "Jon Leibowitz, the Federal Trade Commission’s chairman, relishes his role as a thorn in the side of the pharmaceutical industry.

Mr Leibowitz has used his power at the competition watchdog to crusade against deals between big branded drugmakers and their gen­eric counterparts that he argues are anti-competitive and delay the introduction of cheap drugs to the market. He has called these “pay for delay” deals the most corrupt practice in the healthcare industry.

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